147-77. Daily deposit of funds to credit of Treasurer.
All funds belonging to the State of North Carolina, in the hands of any head of any department of the State which collects revenue for the State in any form whatsoever, and every institution, agency, officer, employee, or representative of the State or any agency, department, division or commission thereof, except officers and the clerks of the Supreme Court and Court of Appeals, collecting or receiving any funds or money belonging to the State of North Carolina, shall daily deposit the same in some bank, or trust company, selected or designated by the State Treasurer, in the name of the State Treasurer, at noon, or as near thereto as may be, and shall report the same daily to the Treasurer. The State Treasurer may authorize exemptions from the provisions of this section so long as funds are deposited and reported pursuant to the provisions of this section at least once a week and, in addition, so long as funds are deposited and reported pursuant to the provisions of this section whenever as much as five thousand dollars ($5,000) has been collected and received. Each State agency that has custody of funds less than five thousand dollars ($5,000) shall provide adequate safekeeping of such funds. The Treasurer may refund the amount of any bad checks which have been returned to the department by the Treasurer when the same have not been collected after 30 days' trial. (1925, c. 128, s. 1; 1945, c. 159; 1969, c. 44, s. 77; 1985, c. 708; 2015-164, s. 3(b).)
Structure North Carolina General Statutes
North Carolina General Statutes
§ 147-65 - Salary of State Treasurer.
§ 147-66 - Office and office hours.
§ 147-68 - To receive and disburse moneys; to make reports.
§ 147-68.1 - Banking operations.
§ 147-68.2 - Confidentiality of warrants issued by the State.
§ 147-69 - Deposits of State funds in banks and savings and loan associations regulated.
§ 147-69.1 - Investments authorized for General Fund and Highway Funds assets.
§ 147-69.2 - Investments authorized for special funds held by State Treasurer.
§ 147-69.2A - Investments; special funds held by the State Treasurer.
§ 147-69.3 - Administration of State Treasurer's investment programs.
§ 147-69.3A - Liability insurance for State Treasurer.
§ 147-69.5 - Local Government Law Enforcement Special Separation Allowance Fund.
§ 147-69.6 - Swain County Settlement Trust Fund.
§ 147-69.7 - Discharge of duties to funds.
§ 147-69.8 - Annual report on new investment authority.
§ 147-69.9 - Third-party audit of State Treasurer's investments.
§ 147-69.10 - Investment policies and performance reviews of Retirement Systems investment programs.
§ 147-69.11 - Ethics policies.
§ 147-69.12 - Reporting on the State Treasurer's investment programs.
§ 147-70 - To make short-term notes in emergencies.
§ 147-71 - May demand and sue for money and property of State.
§ 147-72 - Ex officio treasurer of State institutions; duties as such.
§ 147-73 - Office of treasurer of each State institution abolished.
§ 147-74 - Office of State Treasurer declared office of deposit and disbursement.
§ 147-75 - Deputy to act for Treasurer.
§ 147-75.1 - Criminal record checks for the Department of State Treasurer.
§ 147-76 - Liability for false entries in his books.
§ 147-76.1 - Require deposit into the State treasury of funds received by the State.
§ 147-77 - Daily deposit of funds to credit of Treasurer.
§ 147-78 - Treasurer to select depositories.
§ 147-78.1 - Good faith deposits; use of master trust.
§ 147-79 - Deposits to be secured; reports of depositories.
§ 147-80 - Deposit in other banks unlawful; liability.
§ 147-81 - Number of depositories; contract.
§ 147-82 - Accounts of funds kept separate.
§ 147-83 - Receipts from federal government not affected.
§ 147-84 - Refund of excess payments.
§ 147-86 - Additional clerical assistance authorized; compensation and duties.
§ 147-86.1 - Pool account for local government unemployment compensation.
§ 147-86.2 - Information Technology fees; dispute resolution panel.